1412 South 7th Street

Philadelphia, PA 19147

$2,200,000
Price
11
Beds
8
Baths
12,528 Sq. Ft.
$176 / Sq. Ft.
12,528
Sq. Ft.
$176
per Sq. Ft.

Description

Introducing the Griffiti Lofts, a remarkable 8-unit fully occupied stabilized building located at 1412 S 7th St. This contemporary property features a combination of one-bedroom and two-bedroom apartments, each thoughtfully designed to maximize space and comfort. The building also offers 11 garage parking spaces, currently rented to tenants and neighbors, providing a valuable income stream. Renovated in 2013, the Griffiti Lofts seamlessly blend modern living with artistic flair. The common areas...Introducing the Griffiti Lofts, a remarkable 8-unit fully occupied stabilized building located at 1412 S 7th St. This contemporary property features a combination of one-bedroom and two-bedroom apartments, each thoughtfully designed to maximize space and comfort. The building also offers 11 garage parking spaces, currently rented to tenants and neighbors, providing a valuable income stream. Renovated in 2013, the Griffiti Lofts seamlessly blend modern living with artistic flair. The common areas are adorned with captivating artwork that highlights the unique characteristics and vibrant culture of Philadelphia, creating an inviting atmosphere for residents and visitors alike. This property represents an excellent investment opportunity, with stable occupancy and a strong rental history. Located in a desirable neighborhood, the Griffiti Lofts provide easy access to local amenities, public transportation, and the bustling energy of the surrounding area. Don’t miss your chance to invest in this beautifully maintained building that showcases the best of urban living in Philadelphia. Please reach out to listing brokers for offering memorandum.
  1. Listed by Stephen D. Stafford • SDG Management, LLC
    P: (267)-318-7080 steve@stammdevelopment.com
  2. Listed by Jason Kleinman • SDG Management, LLC
    P: (908)-217-3922 jay@stammdevelopment.com

Property Details for 1412 South 7th Street

Tax ID Number
881573530
Ownership
Fee Simple
Structure Type
Other
Style
Contemporary
Waterfront
No
Garage
Yes
Municipality
PHILADELPHIA
Total Parking Spaces
11
LISTING UPDATED: 12/19/2024 01:26 PM

Property Details for 1412 South 7th Street

StatusActive
MLS #PAPH2428758
Days on Market4
Taxes$19,511 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1925
Lot Size0.16 AC / 6,937 SF
CountyPhiladelphia County

Building Information for 1412 South 7th Street

Stories-Residences1Year Built1925Building Size-Lot Size0.16 AC / 6,937 SF

Property Information for 1412 South 7th Street

Location
Location
  • School District Name: PHILADELPHIA CITY
  • School District County ID: 803408593408
  • SchoolDistrictSource: Listing Agent
  • County: PHILADELPHIA
  • MLS Area: 19147 (19147)
Waterfront / Water Access
Waterfront / Water Access
  • Water View: No
  • Water Access: No
  • Water Oriented: No
  • Navigable Water: No
  • Tidal Water: No
  • Riparian Rights Y/N: No
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2024
  • Tax Assessed Value: $1,393,900
  • Year Assessed: 2024
  • County Tax: $0
  • Improvement Assessed Value: $975,730
  • City Town Tax: $8,585
  • Land Assessed Value: $418,170
  • Clean Green Assessed: No
  • Land Use Code: CA0
  • Zoning: RSA5
  • Tax Lot: 4296
  • School Tax: $10,926
  • Automatically Update Tax Values Y/N: Yes
Unit Information
Unit Information
  • Single Room Units Count: 0
  • One Bedroom Units Count: 5
  • Two Bedroom Units Count: 3
  • Three Bedroom Units Count: 0
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 8,Unit 3,Unit 6,Unit 7
  • Units Leased Count: 8
  • Number Of Units Vacant: 0
  • Vacancy Allowance Rate: 5.00%
  • Number Of Units Month To Month: 0
  • Rent Control: No
Multi Family
Unit 1
  • Type: Unit 1
  • Unit Type Occupied YN: Yes
  • Unit Type Finished SQFT: 929
  • Unit Type Lease Type: Yearly
  • Beds Total: 1
  • Full Baths Count: 1
Unit 2
  • Type: Unit 2
  • Unit Type Occupied YN: Yes
  • Unit Type Finished SQFT: 1089
  • Beds Total: 2
  • Full Baths Count: 1
Unit 3
  • Type: Unit 4
  • Unit Type Occupied YN: Yes
  • Unit Type Finished SQFT: 1071
  • Beds Total: 1
  • Full Baths Count: 1
Unit 4
  • Type: Unit 5
  • Unit Type Occupied YN: Yes
  • Unit Type Finished SQFT: 1045
  • Beds Total: 1
  • Full Baths Count: 1
Unit 5
  • Type: Unit 8
  • Unit Type Occupied YN: Yes
  • Unit Type Finished SQFT: 1068
  • Beds Total: 2
  • Full Baths Count: 1
Unit 6
  • Type: Unit 3
  • Unit Type Occupied YN: Yes
  • Unit Type Finished SQFT: 936
  • Beds Total: 1
  • Full Baths Count: 1
Unit 7
  • Type: Unit 6
  • Unit Type Occupied YN: Yes
  • Unit Type Finished SQFT: 894
  • Beds Total: 1
  • Full Baths Count: 1
Unit 8
  • Type: Unit 7
  • Unit Type Occupied YN: Yes
  • Unit Type Finished SQFT: 1145
  • Beds Total: 2
  • Full Baths Count: 1
Financial Information
Expenses
  • Operating Expense Includes: Trash, Snow Removal, Insurance
Financial Information
  • Net Operating Income: $148,281
  • Annual Rental Income: $190,908
  • Existing Lease Type: Yearly
Building Info
Building Info
  • Building Units Total: 1
  • Total Finished SQFT: 12,528.00
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Assessor
  • Lot Size Dimensions: 30.00 x 173.00
  • Lot Dimensions Source: Assessor
  • Parcel ID: 8605023
  • Ground Rent Exists: No
Parking
Parking
  • Type Of Parking: Attached Garage
  • Num of Attached Garage Spaces: 11
  • Total Garage Spaces: 11
  • Garage Features: Covered Parking
Interior Features
Interior Features
  • Fireplace: No
  • Accessibility Features: None
Exterior Features
Exterior Features
  • Pool: No Pool
  • Other Structures: Above Grade, Below Grade
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: Central A/C
  • Cooling Fuel: Electric
  • Heating Type: Other
  • Heating Fuel: Electric
  • Hot Water: Other
  • Water Source: Public
  • Sewer Septic: Public Sewer
Confidential Data
Listing Office

Property History for 1412 South 7th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 1412 South 7th Street

This home is within The School District of Philadelphia.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Kirkbride Eliza B School
PublicPK to 8

Furness Horace High School
Public9 to 12

Academy At Palumbo
Public9 to 12

Creative And Performing Arts
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1412 South 7th Street is a multi-family home for sale in Philadelphia, PA 19147. This property was listed for sale on December 17, 2024 by SDG Management, LLC, it's currently listed at $2,200,000. This listing's school district is The School District of Philadelphia. Nearby schools include Kirkbride Eliza B School, Furness Horace High School and Academy At Palumbo. 1412 South 7th Street is a 11-bed, 8-bath, 12,528 sqft multi-family home built in 1925.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of SDG Management, LLC

Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greator Scranton Board of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.